Seaspan Declares Quarterly Dividends on Common and Preferred Shares

HONG KONG, CHINA -- (Marketwired) -- 01/12/16 -- Seaspan Corporation (NYSE: SSW) announced today that the Company's Board of Directors has declared cash dividends on its common and preferred shares as follows:

----------------------------------------------------------------------------
  Security      Ticker      Dividend      Period    Record Date    Payment
                           per Share                                 Date
----------------------------------------------------------------------------
  Class A        SSW         $0.375     October 1,  January 20,  February 1,
   Common                                2015 to        2016         2016
                                         December
                                         31, 2015
----------------------------------------------------------------------------
  Series C     SSW PR C     $0.59375   October 30,  January 29,  February 1,
  Preferred                              2015 to        2016         2016
                                       January 29,
                                           2016
----------------------------------------------------------------------------
  Series D     SSW PR D    $0.496875   October 30,  January 29,  February 1,
  Preferred                              2015 to        2016         2016
                                       January 29,
                                           2016
----------------------------------------------------------------------------
  Series E     SSW PR E    $0.515625   October 30,  January 29,  February 1,
  Preferred                              2015 to        2016         2016
                                       January 29,
                                           2016
----------------------------------------------------------------------------

About Seaspan

Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 118 containerships representing a total capacity of over 935,000 TEU, including 18 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2017. Seaspan's current operating fleet of 85 vessels has an average age of approximately seven years and an average remaining lease period of approximately four years.

Seaspan has the following securities listed on The New York Stock Exchange:

Symbol:   Description:

SSW       Class A common shares
SSW PR C  Series C preferred shares
SSW PR D  Series D preferred shares
SSW PR E  Series E preferred shares
SSWN      6.375% senior unsecured notes due 2019

Contacts:
Seaspan Corporation - Investor Relations Inquiries:
Mr. Michael Sieffert
Associate Director, Corporate Finance
Tel. 778-328-6490

The IGB Group - Media Inquiries:
Mr. Leon Berman
Tel. 212-477-8438

Source: Seaspan Corporation

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